Lincoln Electric (NASDAQ:LECO) Releases Quarterly Earnings Results, Beats Expectations By $0.54 EPS

Lincoln Electric (NASDAQ:LECO) announced its earnings results on Thursday. The industrial products company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.54, Zacks reports. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%.

Lincoln Electric Trading Up 0.6 %

Shares of LECO traded up $1.21 during midday trading on Friday, hitting $215.02. The stock had a trading volume of 256,092 shares, compared to its average volume of 272,306. Lincoln Electric has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The business has a 50-day simple moving average of $194.36 and a two-hundred day simple moving average of $195.82. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.13 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LECO. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus reduced their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, KeyCorp upped their price target on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.